As the Dow continued to decline in the early stages of the second quarter of the 2017 trading year, today King World News spoke with the man who advises the most prominent sovereign wealth funds, hedge funds, and institutional funds in the world and he warned investors to brace for global market shock.

(King World News) April 19 – Michael Belkin: “Financial markets are a case of the blind leading the blind. The Fed keeps talking economic strength and has broadcast a series of interest rate hikes and even balance sheet reductions, which convinced paint-by-the-numbers portfolio managers to load up on financials, cyclicals, the dollar, and short bonds…

Goldman Sachs, The Big Short
Those consensus trades have virtually all market participants incorrectly positioned. Retail sales, auto sales and even employment and inflation (lagging indicators) are all weak. Bonds are rallying (TLT up 7 points since mid March), the dollar is falling and financials are getting whacked. Goldman Sachs (GS) has been the #1 name on my sell and short list and it’s down 6% in the past week.

King World News - Is The Public About To Get Torched In A Stock Market Plunge? The Answer Will Shock YouU-Turn By The Fed To Create Massive Market Shock
This is all headed for a massive capitulation by the Fed, in which they change their policy direction from tightening to easing. We got a hint of this change in today’s speech by Fed governor Rosengren, who said the Fed will have ‘frequent use of large-scale asset purchases during recessions.’ Huh? Investors who thought the Fed was raising rates and reducing their balance sheet are in for a rude awakening. 
This is also headed for a massive market shock. The DJIA broke support at 20,450 today, if it gaps down here, the next minor support level is around 19,700, down 800 points.….more here